Państwa członkowskie Unii Europejskiej wobec kryzysu na rynku finansowym 2008-2013

• Authors: Ilona Romiszewska

Title variants

EN

Member States of the European Union toward the Crisis of the Financial Market 2008-2013

• Languages of publication: PL

Abstracts

EN

The issue considered is the identification and assessment of measures undertaken in the years 2008-2013 by the member states of the EU as well as the EU as such towards limiting the effects of the bank crisis. The measures implemented in the first phase of the crisis were meant to counteract the breakdown of the financial market (nationalization or capitalization of banks, takeover of low quality assets, guaranties) and became one of the causes of the states’ deepening debt. In subsequent years, i.e. from 2010 onward the measures were increasingly focused on counteracting the possibility of yet another crisis and solutions were adopted at the EU level (the European Mechanism of Financial Stability, the European Stability Instrument, the European Financial Stability Facility, bank union) as well as at a global level (Basel III). The purpose of the adopted measures was to bring stability to the financial market and real economy whereas the constructed new infrastructure of the financial market is to make credit institutions more resistant to crises.

Keywords

EN

member states; EU; bank crisis; financial market

• Publisher: Instytut Zachodni. Instytut Naukowo-Badawczy im. Zygmunta Wojciechowskiego w Poznaniu
• Journal: Przegląd Zachodni
• Year: 2013
• Issue: 4(349)
• Pages: 99-125

Contributors

author

Ilona Romiszewska